XML 14 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Operating activities    
Royalties received $ 15,857,438 $ 25,835,075
Interest received 25,666 797
Expenses paid (1,216,251) (2,221,401)
Net cash from operating activities 14,666,853 23,614,471
Investing activities    
Maturities of U.S. Government securities 49,166,956 50,942,392
Purchases of U.S. Government securities (72,503,643) (41,035,723)
Net cash from (used for) investing activities (23,336,687) 9,906,669
Financing activity    
Distributions to unitholders (36,604,828) (17,712,014)
Net change in cash and cash equivalents (45,274,662) 15,809,126
Cash and cash equivalents, beginning of period 47,727,522 12,500,941
Cash and cash equivalents, end of period 2,452,860 28,310,067
Reconciliation of net income to net cash from operating activities    
Net income 8,737,814 35,329,900
Decrease (increase) in accrued income receivable 4,622,034 (12,385,176)
Decrease in contract asset 1,431,633 177,251
Increase in prepaid expense (176,940) (193,751)
Increase (decrease) in accrued expenses 52,312 (210,684)
Increase in contract liability   896,931
Net cash from operating activities 14,666,853 23,614,471
Non cash financing activity    
Distributions declared and payable $ 11,020,810 $ 1,180,801